3516 Ocean Blvd is on the market for the first time in 50+ years making it an even more exclusive opportunity. It’s rare to find a property with so much potential in such a prime location. Sitting across from Inspiration Point, the original subdivision map shows this site as two side-by-side lots which adds to its potential for customization.
The existing 6,000+ square-foot home is a unique property, with its magnificent patios, and multiple bedrooms; featuring a one-of-a-kind stained-glass window that adds to the home’s charm and character.
With 180-degree views of the ocean, Catalina Island, Big Corona, and Newport Bay, this property offers breathtaking scenery that is hard to find anywhere else. The over 10,000 square-foot lot also allows the opportunity to build a custom home that truly captures the essence of the Corona del Mar Village life.
Overall, this property is a distinctive and remarkable opportunity for someone who wants to work with the existing structure or build their forever custom home in an unbeatable location with unparalleled views.
Sold for $12,000,000
Listed by: Compass • Jennifer Drews • Contact: 949-554-4089
Bought with: VALIA Properties
$12,000,000
3516 Ocean Blvd, Corona Del Mar, CA 92625
7beds
6,152sqft
Single Family Residence
Built in 1945
10,114 Square Feet Lot
$13,782,100 Zestimate®
$1,951/sqft
$7,521 Estimated rent
Home value
$13,782,100
$11.71M - $16.40M
$7,521/mo
Zestimate® history
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List your homeWhat's special
Unparalleled viewsCatalina islandOne-of-a-kind stained-glass windowCustom homeBig coronaMagnificent patios
Zillow last checked:
Listing updated:
Listed by:
Jennifer Drews DRE #02073327 9495544089,
Compass,
Mariana Donahue DRE #01954154,
Compass
Bought with:
Timothy Tamura, DRE #01305097
VALIA Properties
Steven Sergi, DRE #01417942
VALIA Properties
Source: CRMLS,MLS#: NP23035157
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Attic, Den, Entry/Foyer, Great Room, Kitchen, Laundry, Library, Living Room, Primary Bedroom, Other, Pantry
Primary bedroom
- Features: Primary Suite
Other
- Features: Walk-In Closet(s)
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Balcony, Stone Counters, Attic, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 6,152 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Coastline,Harbor,Ocean,Water
Lot
- Size: 10,114 Square Feet
- Dimensions: 156 x 64
- Features: 0-1 Unit/Acre
Details
- Parcel number: 05214208
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Fishing, Water Sports
- Subdivision: Corona Del Mar South Of Pch (Cdms)
Location
- Region: Corona Del Mar
Financial & listing details
- Price per square foot: $1,951/sqft
- Tax assessed value: $11,570,789
- Annual tax amount: $121,636
- Date on market: 3/16/2023
- Cumulative days on market: 65 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Exclusions: Washer, Dryer, all appliance in back apartment.
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2023 | Sold | $12,000,000-6.1%$1,951/sqft |
Source:  CRMLS #NP23035157 Report a problem | ||
| 6/13/2023 | Pending sale | $12,780,000$2,077/sqft |
Source: CRMLS #NP23035157 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $121,636 -4% | $11,570,789 -3.6% |
| 2024 | $126,658 -18.2% | $12,000,000 +14.3% |
| 2023 | $154,745 +2493.9% | $10,500,000 +1847.5% |
| 2022 | $5,966 +1.9% | $539,156 +2% |
| 2021 | $5,852 +1% | $528,585 +1% |
| 2020 | $5,795 | $523,166 +2% |
| 2019 | $5,795 +2% | $512,908 +2% |
| 2018 | $5,679 +3.9% | $502,851 +2% |
| 2017 | $5,468 | $492,992 +2% |
| 2016 | $5,468 +2.3% | $483,326 +1.5% |
| 2015 | $5,347 +3.5% | $476,066 +2% |
| 2014 | $5,168 | $466,741 +0.5% |
| 2013 | -- | $464,632 +2% |
| 2012 | -- | $455,522 +2% |
| 2011 | -- | $446,591 +0.8% |
| 2010 | -- | $443,254 -0.2% |
| 2009 | -- | $444,308 +2% |
| 2008 | -- | $435,597 +2% |
| 2007 | -- | $427,056 +2% |
| 2006 | -- | $418,683 +2% |
| 2005 | -- | $410,474 +2% |
| 2004 | -- | $402,426 +1.9% |
| 2003 | -- | $395,051 +2% |
| 2002 | -- | $387,305 +2% |
| 2001 | $3,946 +2.6% | $379,711 +2% |
| 2000 | $3,847 | $372,266 |
Find assessor info on the county website
Neighborhood: Corona del Mar
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Nearby schools
GreatSchools rating
- 10/10Harbor View Elementary SchoolGrades: K-6Distance: 0.7 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.9 mi
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Estimated market value
$13,782,100
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Estimated market value
$13,782,100
- California
- Orange County
- Newport Beach
- 92625
- Corona del Mar
- 3516 Ocean Blvd
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